Coinbase Global (COIN)
NASDAQ:COIN
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.17Last Year’s EPS
5.14Same Quarter Last Year
Moderate Buy
Based on 25 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
Mixed quarter: Coinbase showed clear execution and product momentum—market share gains, strong USDC growth, product diversification with high early revenue run rates (derivatives, prediction markets), positive adjusted EBITDA and a strong balance sheet. However, macro-driven declines materially pressured top-line revenue and GAAP profitability in the quarter (total revenue down 21% QoQ; quarterly net loss $394M), and certain revenue lines (consumer, institutional, blockchain rewards) fell significantly. The company is actively cutting costs and investing in AI-driven productivity, positioning for longer-term growth even as near-term market conditions remain challenging.Company Guidance
Solid Revenue Mix and Positive Adjusted EBITDA
Total revenue of $1.4B in Q1 2026 with positive adjusted EBITDA of $303M (13th consecutive quarter). Subscription & services contributed $584M, demonstrating recurring revenue strength and diversification away from pure trading.
Strong Stablecoin Position and Growth
Stablecoin revenue of $305M; average USDC held in Coinbase products reached an all-time high of $19B. Coinbase is the largest distributor of USDC (holding >25% of USDC supply) and captures ~50% of USDC economics.
Assets on Platform and Customer Inflows
Q1 marked the 12th consecutive quarter of net native unit inflows and Coinbase reached an all-time high in crypto trading market share, indicating customer consolidation on trusted platforms during tough market conditions.
Product Diversification Showing Early Traction
Everything Exchange initiatives producing new revenue streams: retail derivatives reached >$200M annualized revenue, prediction markets hit $100M annualized in March ( ~2 months after launch), and 12 products now generate >$100M annualized each.
Onchain and Agentic Adoption Momentum
Base is dominant for stablecoin transactions (62% share). Stablecoin transaction volume doubled in the quarter and stablecoin transactions on Base grew 10x year-over-year. Agentic commerce activity: when agents pay onchain, they use USDC 99% of the time and >90% of agentic transactions occurred on Base in Q1.
DeFi & Onchain Usage Growth
DEX volumes grew 2x quarter-over-quarter and borrow/lend balances grew to over $1B in the last year, showing improving onchain DeFi engagement via Coinbase app.
Strong Balance Sheet and Capital Actions
Ended Q1 with >$10B in cash and $12B total available resources; repurchased ~6M shares for $1.1B in Q1 (buybacks roughly offset ~90% of shares issued for employee compensation since Q4 2024). Intent to retire $1.3B convertible notes due June 1 if conversion threshold not met.
Cost Discipline and Forward Expense Reduction
Total operating expenses down 5% quarter-over-quarter to $1.4B; G&A declined 17% QoQ. Company provided 2026 adjusted expense guidance of $4.3B–$4.6B (~$500M lower than Q4 2025 annualized exit rate) and expects Q2 technology & development + G&A of $820M–$870M (down 4%–9% from Q1).
Product Engagement Metrics and AI Efficiency Gains
Coinbase One now has >1M paid subscribers (higher engagement and unit economics). Engineering productivity: pull requests per engineer up ~78% YoY; integration test coverage across core services up 3x in last six months, supporting faster, higher-quality product iteration.
COIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
COIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $192.96 | $201.16 | +4.25% |
Feb 12, 2026 | $141.09 | $164.32 | +16.46% |
Oct 30, 2025 | $328.51 | $343.78 | +4.65% |
Aug 01, 2025 | $314.69 | $318.17 | +1.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Coinbase Global (COIN) report earnings?
Coinbase Global (COIN) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Coinbase Global (COIN) earnings time?
Coinbase Global (COIN) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is COIN EPS forecast?
COIN EPS forecast for the fiscal quarter 2026 (Q2) is 0.17.
